LAS VEGAS (AP) - The CEO of the publicly funded agency responsible for promoting Las Vegas has announced that he is preparing to retire.
The Las Vegas Review-Journal reports Las Vegas Convention and Visitors Authority CEO Rossi Ralenkotter told the authority board on Tuesday that he’s talked with board members about putting together a financial retirement package.
He did not specify when he would officially step down.
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Ralenkotter has led the agency since 2004.
His retirement announcement comes after a year of battling cancer and criticism for the agency’s misspending.
A report released Friday showed that auditors could not account for more than $50,000 in Southwest Airlines gift cards bought by the agency. The report says Ralenkotter and his wife had used more than $16,000 in gift cards for personal travel.
Ralenkotter has apologized and paid back the money.
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Information from: Las Vegas Review-Journal, http://www.lvrj.com
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